Illinois Tool Works, Inc’s filing revealed that its Director SMITH DAVID BYRON JR acquired Company’s shares for reported $0.21 million on Jun 02 ’25. In the deal valued at $241.16 per share,872 shares were bought. As a result of this transaction, SMITH DAVID BYRON JR now holds 122,884 shares worth roughly $30.42 million.
Then, Schott Jennifer Kaplan bought 3,559 shares, generating $871,955 in total proceeds.
Before that, Schott Jennifer Kaplan bought 3,500 shares. Illinois Tool Works, Inc shares valued at $822,500 were divested by the Former Officer at a price of $235.00 per share.
BofA Securities downgraded its Illinois Tool Works, Inc [ITW] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid February from “a Sell” to “a Hold”. Barclays also remained covering ITW and has increased its forecast on December 05, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Evercore ISI revised its rating on November 13, 2024. It rated ITW as “an Underperform” which previously was an “an In-line”.
Price Performance Review of ITW
On Friday, Illinois Tool Works, Inc [NYSE:ITW] saw its stock jump 0.59% to $247.56. Over the last five days, the stock has gained 1.01%. Illinois Tool Works, Inc shares have fallen nearly -2.37% since the year began. Nevertheless, the stocks have risen 2.86% over the past one year. While a 52-week high of $279.13 was reached on 03/10/25, a 52-week low of $214.66 was recorded on 04/08/25. SMA at 50 days reached $241.01, while 200 days put it at $254.97.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 246.14, which if violated will result in even more drops to 244.71. On the upside, there is a resistance level at 249.39. A further resistance level may holdings at 251.21. The Relative Strength Index (RSI) on the 14-day chart is 54.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.02%. Stochastics %K at 52.02% indicates the stock is a holding.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $301 price target.
